Congratulations on making it to the final week! Your challenge this week is to come up with a financial game plan for your top three goals. Your game plan should consider all the insights you gained throughout the first three weeks of the challenge - your goals, your spending and saving habits - in other words, it should help you see the "big picture."
Visit BankOnMemphis.org for tips on checking your credit, setting milestones and creating a savings plan to meet all of your goals. Keep sharing your updates with us in the Financial Fitness Challenge Facebook Group. This is just the beginning. Financial freedom is not a destination, but a continued journey. I wish you great success as you take steps toward your financial goals. We are always here if you need us, and check back in at BankOnMemphis.org for more financial resources. Thank you for joining us! |
Check Your Credit Report Annually |
Tips For the Week
- Tip #1: Check your credit. Many financial transactions, like buying a home or car, require you to have good credit. You are entitled to a free credit report each year from the three credit bureaus - Equifax, TransUnion, and Experian. Resource: AnnualCreditReport.com
Need help understanding your credit? Visit Operation Hope's website to learn about free credit workshops in Memphis. - Tip #2: Set milestones for yourself. Setting milestones can help you stay motivated and on track. For instance, if your goal is to save to buy a car, you could make your first milestone to save $500 in the first five months.
- Tip #3: Establish a savings plan. How much you save each month will depend on how soon you can accomplish your goals. Don't wait to see if there is money left over each month, treat saving as another bill to make sure it happens. You can do this by setting up automatic savings transfers.
Congratulations! You have completed the Bank On Memphis Financial Fitness Challenge, and are on the right track to making your goals become a reality. Keep us updated on how your financial game plan is going, and visit www.bankonmemphis.org for more financial resources.
Share your progress in the
Financial Fitness Challenge Facebook Group
Financial Fitness Challenge Facebook Group